H. J. RES. 109 is a legislative measure that expresses Congress's disapproval of a rule from the Securities and Exchange Commission about "Staff Accounting Bulletin No. 121." This bulletin was considered a rule as per chapter 8 of title 5 of the United States Code. By passing...
Simple Explanation
H. J. RES. 109 is like Congress saying, "We don't want to follow this new rule from a group that helps with counting money because we don't agree with it, so let's make it go away." This means they think the rule shouldn't count or be used anymore.